SoftBank Vision Fund 2 led a series C-plus round for the home remodelling materials marketplace, after Tencent Investment participated in its series C round in December.
China-based construction materials marketplace Chubby Bear has closed $400m in series C and series C-plus funding from investors including internet and telecommunications conglomerate SoftBank and internet and media group Tencent.
SoftBank’s Vision Fund 2 led the second of the two transactions, a series C-plus round that included Ab Initio Capital, CMC Capital Group, Cygnus Equity, Genesis Capital, Hundreds Capital, Matrix Partners China, Yunqi Partners and private investor Gan Jiawei.
Tencent Investment, a subsidiary of Tencent, took part in a December…
